Binance has submitted an application for authorization under the European Union’s Markets in Crypto-Assets Regulation in Greece. The application follows warnings from regulators in other EU states.

France’s Autorité des Marchés Financiers said Binance was among 90 crypto firms registered in the country that remain unlicensed under MiCA. The regulator said firms must comply with the rules or stop operating in France.

Last year, Binance began restricting services for European users ahead of MiCA’s compliance deadline. The exchange blocked copy trading and asked users to close positions. It also limited products linked to unregulated stablecoins while maintaining spot trading, deposits, and withdrawals. These were among the first large-scale MiCA compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term steps by a major exchange.

Binance Engages HCMC on EU Regulation

A Binance spokesperson confirmed to Cointelegraph that the company had applied for a MiCA license in Greece. The spokesperson said Binance is working with the Hellenic Capital Market Commission.

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“We welcome the opportunity to work closely with the HCMC as this new regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term takes shape in the EU and look forward to contributing to the long-term growth of the EU’s digital financial ecosystem,” the spokesperson said.

Germany, Netherlands Lead EU MiCA Authorizations

Public data from the European Securities and Markets Authority show that Greece has not yet issued any MiCA licenses to crypto-asset service providers.

Germany and the Netherlands have issued the highest number of MiCA licenses in the EU, with 43 and 22 authorizations. France has granted 11 licenses through the AMF.

MiCA Licensing Expands Beyond Crypto Firms

MiCA licensing is also extending beyond crypto-native firms. Recently, KBC, a Belgian bank, announced plans to launch Bitcoin services and said it expects to obtain a MiCA license in Belgium, which has not yet issued any authorizations.

KuCoin’s European unit has received a MiCA license in Austria. The approval allows KuCoin EU Exchange GmbH to offer regulated crypto services across 29 countries in the European Economic Area, excluding Malta.